From the current status of BTC, it is highly unlikely that it will touch the key level of 100,000 this week, as there are almost no signs of a pullback.
The current price is still in a strong bullish phase, and as long as during short-term pullbacks, the 4-hour line does not drop below 95,200 - 95,400 (MA7), and the daily line does not drop below 92,000 (MA7), there is basically no need for concern.
The 1-hour line can refer to the mid-line position of 95,000 (i.e., the current position). There is no obvious resistance above, only a turnover area based on market consensus, so we can still look towards 100,000.
The RSI index has reached 80, currently in the overbought range, but considering the extremely high market sentiment, this index is nearly distorted and can be ignored for now.
CEM: The BTC futures index has a positive premium of 600 points compared to the spot market, and this is still before the US market opens, which is enough to indicate that the bullish demand in the futures market is very strong.
In summary:
We should maintain a cautiously optimistic attitude and quietly wait for the historic moment when the 100,000 mark arrives.
If this goal can be achieved this week, then next week we need to reassess the overall market trend.
Continuous and significant increases have the downside of draining liquidity from risk capital flow in the entire market except for BTC.
For BTC itself, a too strong upward trend often hides crises; appropriate pullbacks can create more opportunities for the entire market, which is a more favorable development trend.
The series of situations triggered by MicroStrategy has disrupted the originally expected adjustment path. Public House No. 9: Cloud Son Community, No Waste Excellent Skirt
Currently, many investors are very concerned about what kind of fluctuations will occur when the price reaches 100,000, whether it will directly break through to 110,000 or even 120,000.
But frankly speaking, with my limited knowledge and experience, it is difficult to predict such a long-term trend, and I do not want to make baseless speculations (after all, I am not an authoritative expert). I still focus on the price trend around 100,000, and then make a comprehensive judgment based on market data; this is my basic thinking and viewpoint.